Meaningful negative changes in fundamentals have recently occurred for TransAlta Corp (NYSE: TAC): the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
TransAlta Corp (NYSE: TAC) has recently experienced significant negative changes in investment behavior: the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, TAC is expected to continue to be a modest Value Builder.
TransAlta has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. TransAlta has a very low Appreciation Score of 8 and a very low Power Rating of 3, leading to the Lowest Value Trend Rating.
Recent Price Action
On 3/15/24, TransAlta Corp (NYSE: TAC) stock declined by -3.2%, closing at $6.31. Moreover, trading volume in this decline was exceptionally high at 282% of normal. The stock has declined -8.6% during the last week and has been weak relative to the market over the last nine months.
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